Noteworthy Tuesday Option Activity: SQ, DKS, PEN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (Symbol: SQ), where a total volume of 61,621 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.5% of SQ's average daily trading volume over the past month, of 6.9 million shares. Particularly high volume was seen for the $100 strike call option expiring January 31, 2025, with 5,718 contracts trading so far today, representing approximately 571,800 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $100 strike highlighted in orange:

Dick's Sporting Goods, Inc (Symbol: DKS) options are showing a volume of 10,018 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 89.4% of DKS's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $210 strike put option expiring February 21, 2025, with 2,721 contracts trading so far today, representing approximately 272,100 underlying shares of DKS. Below is a chart showing DKS's trailing twelve month trading history, with the $210 strike highlighted in orange:

And Penumbra Inc (Symbol: PEN) saw options trading volume of 2,868 contracts, representing approximately 286,800 underlying shares or approximately 82.3% of PEN's average daily trading volume over the past month, of 348,280 shares. Particularly high volume was seen for the $260 strike call option expiring January 17, 2025, with 2,255 contracts trading so far today, representing approximately 225,500 underlying shares of PEN. Below is a chart showing PEN's trailing twelve month trading history, with the $260 strike highlighted in orange:

For the various different available expirations for SQ options, DKS options, or PEN options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.